# Oil Set for Weekly Loss Ahead of OPEC+ Meeting

> Oil prices fell on Friday and were set for a weekly loss as investors awaited the Sunday OPEC+ meeting. Brent for July delivery was down to $81.54 a barrel and WTI fell to $76.80.

- Date: 2024-05-31 · published 2024-05-31T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/30163-oil-set-for-weekly-loss-ahead-of-opec-meeting
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Routine price moves ahead of the meeting show the market expects the cuts to be rolled over, so there is little new supply impact yet.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- globalbankingandfinance.com: https://www.globalbankingandfinance.com/oil-set-for-weekly-loss-ahead-of-opec-meeting/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.